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Daily (07.12.2023): Gas prices gained ground on Wednesday, supported by forecasts of stronger demand due to cold weather in the upcoming weeks
On Wednesday, oil prices plunged by around 4%, hitting a fresh five-month low, as the market struggled to identify catalysts for a potential rebound. Consequently, Brent crude ended at $74.30 per barrel, while WTI crude finished below the $70 threshold at $69.38 per barrel.
read more... 07/12/2023
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Daily (24.11.2023): Carbon and gas prices were strongly bullish on Thursday amid colder weather forecasts
Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023
Daily (06.11.2023): European spot electricity prices plunged by 50% on Friday amid mild weather forecasts and stronger wind generation
Oil prices fell by 2.3% on Friday on easing supply disruption fears due to Middle East tensions. Consequently, Brent crude settled at $84.89 per barrel, and WTI crude closed at $80.51 per barrel.
read more... 06/11/2023
Daily (27.09.2023): British gas prices turned bearish on Tuesday amid healthy supply and milder weather forecasts
Crude oil prices continued the slightly but steady rise on Tuesday due to concerns regarding supply-demand crunch. However, macroeconomic fears have limited the upward trend. As a result, Brent crude traded 0.7% higher at $93.96 a barrel. Meanwhile, U.S. WTI crude rose by 0.8% to $90.39 a barrel.
read more... 27/09/2023
Daily (15.08.2023): European carbon prices reached a two-week high on Monday amid forecasts of a heatwave and dropping renewables generation
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023